The Government of Ghana has successfully secured $2.86 billion in debt service relief after signing a Memorandum of Understanding (MoU) with its Official Creditors Committee (OCC).
The agreement, co-chaired by China and France, represents a crucial step in Ghana's ongoing efforts to restructure its debt and build a sustainable financial future.
This development, announced by the Ministry of Finance on January 29, 2025, follows years of economic turbulence.
Back in December 2022, Ghana found itself in the depths of a financial crisis, prompting the government to suspend portions of its external debt servicing to commercial and bilateral lenders.
